California commissioner recommends 16.4 percent workers’ comp rate cut California Insurance Commissioner John Garamendi has recommended a 16.4 percent decrease in the workers’ compensation pure premium rate. The decrease would be applicable to new and renewal policies as of the …
California Election Results: Wins for Angelides, Garamendi, Bustamante California State Treasurer Phil Angelides defeated Controller Steve Westly in a bitter primary election battle to be the Democratic Party’s gubernatorial candidate. Angelides had 48 percent of the vote, to Westly’s 43.3 …
More than 11,300 car accidents happen in the Albany, N.Y. metropolitan area each year — that’s about 215 a week. Many claims cause less than $2,000 in damage but, according to Progressive Insurance, the time wasted and inconvenience caused are …
Despite understanding risk, drivers gab away on cell phones Despite knowing that driving and talking on a cell phone at the same time is dangerous, and that it is safer to use a hands-free device to hold the cell phone, …
Question: What is the specific impact of the 2005 catastrophes on the Midwest? McRaith: There are three identifiable impacts on Midwestern residents. First, since the cost of reinsurance has gone up so significantly because of these catastrophes that cost is …
CAT response vehicle ready just in time for Tropical Storm Alberto Florida insurance agents rolled out a new, state-of-the-art catastrophe response vehicle just in time for the arrival of Tropical Storm Alberto. At press time for this issue, the National …
Showing the money: Insurance industry ranks high in political giving Insurers and associations give to Republicans, Democrats and Independents in state-level politics In the 2004 election cycle, the insurance industry was among the top 10 contributing industries to state party …
State Farm adjusts rates in Texas State Farm Insurance recently submitted several filings to the Texas Department of Insurance, aiming for a balance with rate adjustments that include a reduction auto rates but an increase in homeowners premiums. The company …
AccuWeather, NOAA warn of active hurricane season The AccuWeather.com Hur-ricane Center in State College, Pa., led by Chief Forecaster Joe Bastardi, in its 2006 hurricane season forecast predicted an active hurricane season that could have major repercussions for the U.S. …
AccuWeather, NOAA warn of active hurricane season The AccuWeather.com Hur-ricane Center in State College, Pa., led by Chief Forecaster Joe Bastardi, in its 2006 hurricane season forecast predicted an active hurricane season that could have major repercussions for the U.S. …
